Brokerages predict that Retail Opportunity Investments Corp (NASDAQ:ROIC) will report earnings per share (EPS) of $0.28 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Retail Opportunity Investments’ earnings, with estimates ranging from $0.28 to $0.29. Retail Opportunity Investments also reported earnings of $0.28 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 22nd.

On average, analysts expect that Retail Opportunity Investments will report full year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.11 to $1.14. For the next year, analysts forecast that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $1.13 to $1.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). Retail Opportunity Investments had a return on equity of 3.50% and a net margin of 15.28%. The business had revenue of $72.93 million for the quarter, compared to the consensus estimate of $73.49 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was up .8% compared to the same quarter last year.

A number of research firms have weighed in on ROIC. ValuEngine raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. DA Davidson restated a “buy” rating on shares of Retail Opportunity Investments in a research report on Monday, July 29th. BMO Capital Markets set a $18.00 price target on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, BidaskClub upgraded shares of Retail Opportunity Investments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $18.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA lifted its position in shares of Retail Opportunity Investments by 14.2% during the 1st quarter. Federated Investors Inc. PA now owns 3,060,003 shares of the real estate investment trust’s stock valued at $53,060,000 after acquiring an additional 379,498 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Retail Opportunity Investments by 118.5% during the 2nd quarter. Centersquare Investment Management LLC now owns 2,478,300 shares of the real estate investment trust’s stock valued at $42,453,000 after acquiring an additional 1,344,029 shares during the period. Jennison Associates LLC lifted its position in shares of Retail Opportunity Investments by 12.2% during the 2nd quarter. Jennison Associates LLC now owns 2,157,598 shares of the real estate investment trust’s stock valued at $36,960,000 after acquiring an additional 235,011 shares during the period. Northern Trust Corp lifted its position in shares of Retail Opportunity Investments by 2.8% during the 2nd quarter. Northern Trust Corp now owns 2,108,834 shares of the real estate investment trust’s stock valued at $36,125,000 after acquiring an additional 56,820 shares during the period. Finally, Capital Growth Management LP lifted its position in shares of Retail Opportunity Investments by 125.7% during the 2nd quarter. Capital Growth Management LP now owns 2,065,000 shares of the real estate investment trust’s stock valued at $35,373,000 after acquiring an additional 1,150,000 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

ROIC traded up $0.08 during trading on Friday, reaching $17.80. 1,741,200 shares of the company’s stock were exchanged, compared to its average volume of 1,097,664. Retail Opportunity Investments has a one year low of $15.44 and a one year high of $19.80. The company has a current ratio of 4.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $2.03 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 3.61 and a beta of 0.71. The firm has a fifty day moving average price of $17.79 and a two-hundred day moving average price of $17.42.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a $0.197 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.43%. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 69.30%.

About Retail Opportunity Investments

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.

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